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RBI director presses for bold initiatives to revive MSME sector, amid Covid-19 crisis

Even the steps like three-month moratorium on EMI payments offered by banks to borrowers hit by Covid-19 lockdown are not providing any income protection as they will have to bear the extra cost of interest charged by lenders and a longer repayment period.

Measures that can boost MSMEs during Covid-19 lockdown

As the RBI pumps in more cash into the banking sector, deferring or relieving the MSMEs of loan repayments could come as a welcome move. Most businesses are looking for financial support from the government and doing this can help them cope with cash flow problems.

A $163 billion industry struggles to reduce its dependency on Chinese imports

Amidst the Covid-19 outbreak and the subsequent lockdown, compensating for, or finding alternatives to China’s production capabilities to supply raw materials and capital goods will not be easy for the Indian chemical industry.

How do we keep paying wages, wonders stricken industry

Severe cash flow issues making it tough to follow govt directive to pay workers; more lockdown will worsen it.

2.43 lakh apprentices to get stipend during lockdown period, assures MSDE

During the lockdown period due to COVID 19 pandemic the government will be paying Rs 36.3 crore to the establishments who would be claiming reimbursement for engaging apprentices under NAPS during this period.

Ministry of skill development and entrepreneurship extends  enrollments under the PMKVY by two months

The ministry has advised all states to resume training and orientation within 30 days of the revocation of the lockdown and be completed before August 31,2020 while all assessments and certification should be completed by September 15, 2020.

Social networking app Bumble to  provide funds to help small businesses counter Covid-19 crisis

Approximately 150 small businesses globally will receive a monetary support of up to Rs 1 lakh with markets such as US, UK, Russia, Germany, Australia, India, France, Canada, Mexico, Ireland and New Zealand being the primary recipients.

How cloud based accounting solution can fight coronavirus lockdown

While a majority of small businesses are finding it impossible to manage their team, allot work or even oversee accounting and compliance, those companies which have opted for SaaS-based compliance solutions, are faring well.

Hit by a virus and lockdown, the wheels are coming off the Indian logistics industry

A highly fragmented and unorganised industry, India’s logistics sector is in disarray because of disruptions caused by the nationwide lockdown. What will it take for the sector to find its feet after being battered by Covid-19?

A quarter of MSMEs may shut shop if the lockdown persists

19% to 43% of the MSMEs may disappear if the crisis persists 4 or 8 weeks.

Not having to pay at this time is the right thing: SMEs on RBI's Covid-19 moratorium

Not having to pay at this time is the right thing: SMEs on RBI's Covid-19 moratorium

The problem with this crisis is, no one knows when it would be over. Even the RBI hopes the pandemic will fizzle out in three months, but that time frame is up in the air. In such a scenario, is the period of three months enough?

Sidbi to provide loans up to Rs 50 lakh to MSEs manufacturing medical supplies to fight Covid-19

Sidbi to provide loans up to Rs 50 lakh to MSEs manufacturing medical supplies to fight Covid-19

The special scheme will help MSEs to acquire equipment, plant and machinery, other assets including raw materials required for production or delivery of services.

Rising Covid-19 cases scare hospitals with insufficient ventilators.  One firm is scampering to change that

Rising Covid-19 cases scare hospitals with insufficient ventilators. One firm is scampering to change that

To fight the coronavirus pandemic India needs more ventilators, much more. Noida-based AgVa Healthcare, which manufactures low-cost portable ventilators, is increasing its production to meet the rising demands.

Union Bank sets up emergency funding line for corporates, MSMEs

Union Bank sets up emergency funding line for corporates, MSMEs

Public sector banks, including State Bank of India, Bank of Baroda and Indian Bank, have already rolled out similar lines of credit for their customers to meet any liquidity mismatches.

Not all SMEs will survive the Covid-19 crisis, but what should an economic bailout package look like?

Not all SMEs will survive the Covid-19 crisis, but what should an economic bailout package look like?

This has been a particularly distressing time for small businesses and SMEs who stare at an uncertain future.

Indian Bank,Uco Bank, BOI, UBI announce credit lines for MSMEs

Indian Bank,Uco Bank, BOI, UBI announce credit lines for MSMEs

This is being done in consultation with the ministry of finance and there are expectations that more banks will follow through with similar decisions.

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